Respected online VR news and editorial outlet originally started by nDreams has been bought by leading VR investment firm
InvestVR, an investment network company offering a unique gateway into the virtual reality (VR) and alternate reality (AR) investment landscape, today announced that is has acquired VR media outlet VRFocus from nDreams. InvestVR are match makers with direct access to decision makers of private equity funds, hedge funds, high net worth individuals and mutual funds.
nDreams Ltd., the UK’s largest independent developer and publisher solely focused on virtual reality entertainment software, founded VRFocus in early 2014 as one of the first regularly-updated websites dedicated to promoting and discussing the VR industry. VRFocus has since grown into the go-to destination for the latest VR news, with hundreds of thousands of readers each month.
The daily operation of VRFocus will not change, with InvestVR following nDreams’ example as a silent entity with regards to content production and distribution.
Gal Ron, CEO of Invest VR, said:
“ We are extremely excited about the acquisition of VRFocus, which opens up a new chapter for InvestVR to continue our goal of helping revolutionary startups secure their funding needs and shape the VR/AR landscape. I am proud to be part of this growing industry, which I believe will drastically change the way we know and use technology today, and I cannot think of a better team to partner with for this goal than VRFocus.”
Kevin Joyce, CEO & Editor of VRFocus, said:
“I’m thrilled at what VRFocus has achieved over the last three years with the support of nDreams. Now, following the acqustion by InvestVR, I look forward to the accelerated expansion of the site and continuing to be the leading source of VR news for fans and industry insiders alike. In addition, there are a number of new opportunities being brought into our arsenal via this acquisition. I’ll be sharing more details on these brand new ventures in the near future!”
Patrick O’Luanaigh, nDreams’ CEO and Founder, said:
“We are very proud to have supported VRFocus, as we felt there was a gap that needed to be filled in the early days of virtual reality. VRFocus has grown to be one of the most highly-respected VR websites in the world, and InvestVR are the perfect company to take VRFocus to the next level. We wish the site every success as they move on to their next stage of growth.”
VRFocus will celebrate the acquisition with a launch of a brand new website today, live immediately at www.vrfocus.com . Plans for expansion of the VRFocus team and delivery of brand new content are already underway, with more announcements and new ventures coming soon.
